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Education as a competitive advantage.
There is something to be said about a tax professional who is on top of the latest tax law changes and strategies. Your clients can sense you know what you are doing. And you spend less time while making fewer mistakes during the busy season.
Choosing your tax update partner is an important decision. While some may look at CPE as a nuisance, the quality of your yearly update will help you service your clients better, improve referral rates and increase billing rates.
ClientWhys provides the most comprehensive coverage of our ever-changing and evolving tax laws, regulations, rulings, filing procedures and troublesome areas, such as the Health Care provisions, debt relief and foreclosure, and the constant line up of new provisions each year.
A question that frequently arises is “can IRA losses be deducted?” The answer to that question is yes, but only under certain very limited circumstances.
There are two types of stock options: qualified and non-qualified. Qualified options are also referred to as incentive stock options (ISOs). For non-qualified options, the difference between the stock’s exercise price and its fair market value (FMV) is treated as ordinary income; for employees, this difference is generally is included as income on their W-2s. No alternative minimum tax (AMT) preference income results from exercising a non-qualified stock option.